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Twenty-One Executives in a Large Corporation Were Randomly Selected to Study

question 40

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Twenty-one executives in a large corporation were randomly selected to study the effect of several factors on annual salary (expressed in $000s) . The factors selected were age, seniority, years of college, number of company divisions they had been exposed to, and the level of their responsibility. The results of the regression analysis follow:  Twenty-one executives in a large corporation were randomly selected to study the effect of several factors on annual salary (expressed in $000s) . The factors selected were age, seniority, years of college, number of company divisions they had been exposed to, and the level of their responsibility. The results of the regression analysis follow:    Test the hypothesis that the regression coefficient for education is equal to 0 at the 0.05 significance level. Report the critical value, the calculated test-statistic, and your decision. A)  t-critical =   \pm 2.131, t-calculated = 3.752, reject the null hypothesis and conclude that education and salary are significantly related. B)  t-critical =   \pm 2.131, t-calculated = 3.752, fail to reject. C)  t-critical =   \pm 1.753, t-calculated = -0.169, fail to reject. D)  t-critical =   \pm 1.753, t-calculated = -3.752, reject the null hypothesis and conclude that education and salary are significantly related.
Test the hypothesis that the regression coefficient for education is equal to 0 at the 0.05 significance level. Report the critical value, the calculated test-statistic, and your decision.

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Definitions:

XIC Instruction

The XIC (Examine if Closed) Instruction in PLC programming is used to check if a specific input or bit status is true (i.e., on or closed) before executing subsequent instructions.

Logic Input

An input signal or condition received by a device that is used to perform logical operations in control systems.

True Value

The actual or factual value of a variable or condition, especially in contexts where values may be approximated, assumed, or evaluated.

Sgraffito

A Chinese ceramic technique in which the design is incised through a colored slip.

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